Simplicity Wealth LLC Has $314,000 Holdings in Workday, Inc. (NASDAQ:WDAY)

Simplicity Wealth LLC lifted its holdings in shares of Workday, Inc. (NASDAQ:WDAY) by 5.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,344 shares of the software maker’s stock after purchasing an additional 67 shares during the period. Simplicity Wealth LLC’s holdings in Workday were worth $314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. AllSquare Wealth Management LLC lifted its position in shares of Workday by 19.4% during the 4th quarter. AllSquare Wealth Management LLC now owns 252 shares of the software maker’s stock valued at $65,000 after acquiring an additional 41 shares during the period. CreativeOne Wealth LLC increased its position in Workday by 1.5% in the 4th quarter. CreativeOne Wealth LLC now owns 2,889 shares of the software maker’s stock valued at $745,000 after buying an additional 43 shares in the last quarter. Salvus Wealth Management LLC increased its position in Workday by 2.8% in the 1st quarter. Salvus Wealth Management LLC now owns 1,658 shares of the software maker’s stock valued at $387,000 after buying an additional 45 shares in the last quarter. Ashton Thomas Securities LLC increased its position in Workday by 3.2% in the 4th quarter. Ashton Thomas Securities LLC now owns 1,494 shares of the software maker’s stock valued at $385,000 after buying an additional 46 shares in the last quarter. Finally, Focus Financial Network Inc. increased its position in Workday by 3.0% in the 4th quarter. Focus Financial Network Inc. now owns 1,706 shares of the software maker’s stock valued at $440,000 after buying an additional 50 shares in the last quarter. Institutional investors own 89.81% of the company’s stock.

Workday Stock Down 0.3%

WDAY stock opened at $250.69 on Friday. The stock’s fifty day simple moving average is $244.82 and its two-hundred day simple moving average is $252.65. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35. Workday, Inc. has a 1-year low of $199.81 and a 1-year high of $294.00. The stock has a market cap of $66.93 billion, a P/E ratio of 41.57, a P/E/G ratio of 3.55 and a beta of 1.24.

Workday (NASDAQ:WDAY) last posted its quarterly earnings data on Thursday, May 22nd. The software maker reported $2.23 earnings per share for the quarter, topping the consensus estimate of $2.01 by $0.22. Workday had a return on equity of 6.13% and a net margin of 19.86%. The business had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The business’s revenue was up 12.6% on a year-over-year basis. Analysts expect that Workday, Inc. will post 2.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on WDAY shares. Redburn Atlantic started coverage on Workday in a research report on Wednesday, February 19th. They issued a “neutral” rating for the company. Morgan Stanley set a $255.00 price target on shares of Workday and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Guggenheim reissued a “neutral” rating on shares of Workday in a research report on Friday, May 23rd. Mizuho reduced their price target on shares of Workday from $320.00 to $275.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. Finally, Oppenheimer reduced their price target on shares of Workday from $320.00 to $300.00 and set an “outperform” rating for the company in a research report on Friday, May 23rd. Nine research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $293.54.

Insiders Place Their Bets

In other Workday news, CAO Mark S. Garfield sold 497 shares of the firm’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $226.55, for a total value of $112,595.35. Following the completion of the sale, the chief accounting officer now directly owns 34,385 shares of the company’s stock, valued at $7,789,921.75. This trade represents a 1.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder David A. Duffield sold 81,275 shares of the firm’s stock in a transaction on Tuesday, April 8th. The stock was sold at an average price of $214.68, for a total value of $17,448,117.00. Following the completion of the sale, the insider now directly owns 102,997 shares of the company’s stock, valued at $22,111,395.96. This represents a 44.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 237,338 shares of company stock valued at $56,281,251. Company insiders own 19.31% of the company’s stock.

Workday Profile

Workday, Inc provides enterprise cloud applications in the United States and internationally. Its applications help its customers to plan, execute, analyze, and extend to other applications and environments to manage their business and operations. The company offers a suite of financial management applications to maintain accounting information in the general ledger; manage financial processes, such as payables and receivables; identify real-time financial, operational, and management insights; enhance financial consolidation; reduce time-to-close; promote internal control and auditability; and achieve consistency across finance operations.